# 40-21 159th Street, Queens

Commercial · built 2009 · Block 5278, Lot 9.

On Umarelli: https://umarelli.org/nyc/4052780009/40-21-159-street

More construction in Flushing: https://umarelli.org/nyc/queens/flushing.md

Every lot on block 5278: https://umarelli.org/nyc/queens/5278.md

## Building permits

- Alteration, filed Jan 23, 2026, estimated cost $78K, described as “Mechanical work for HVAC system”
- Alteration, filed Jan 23, 2026, estimated cost $93K, described as “Applicarion filed for structural work for mezzanine level.”
- Alteration, filed Jun 6, 2025, estimated cost $621K, described as “New certificate of occupancy with conversion from retail store to a community school including installation of partitions & new floor area. Plumbing filed under # Q01207542”
- Alteration, filed May 28, 2025, estimated cost $48K, described as “Application filed herewith to file plan for work modification to the existing sprinkler system to accomodate the new space . DOB#Q01217358”
- Alteration, filed Apr 9, 2025, estimated cost $69K, described as “Application filed for minor interior partitions work; create a glass partition; remove a spiral stairs and create an door opening. Painting and replace floors”

## Property taxes

- Assessment: $404,100
- 2026–27 tax: $36,712
- Market value (city estimate): $898,000
- Taxable value: $404,100
- Assessed land: $74,700
- Assessed improvements: $329,400

## Tax breaks

- ICAP abatement, through Jun 30, 2027, a $7,125 credit this tax year.

## Zoning

R5B: floor area ratio 1.98 built, above the 1.50 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 3, 2025: $3,590,000
- Apr 10, 2017: $2,700,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology